Report Description

Oil and Gas Pipeline Leak Detection Equipment Market: Overview

Oil and gas pipeline leak detection equipment are utilized to detect leaks in the pipelines carrying oil and gas. Due to hazardous nature of oil and gas their transportation through pipelines require extra care and safety. Oil and gas spills can endanger ecology of the area and can adversely affect life in that area. Therefore strict environmental rules and regulations regarding oil and gas have made it necessary for pipeline operators to employ pipeline leak detection systems across the globe. Aging pipeline infrastructure along with planned and under-construction pipeline projects would boost the demand for oil and gas pipeline leak detection equipment. The performance of oil and gas pipeline leak detection equipment is based on parameters such as reliability, sensitivity, and accuracy. A small leak if not detected in time can lead to a huge spill causing damage to environment and resulting in business loss for pipeline operator in terms of leaked oil & gas and compensation to be paid for damaging environment and life. Therefore pipeline operators are installing leak detection equipment in their pipelines at an increasing rate.

Oil and Gas Pipeline Leak Detection Equipment Market: Scope of Study

This study analyzes, estimates, and forecasts the global oil and gas pipeline leak detection equipment market in terms of revenue (US$ Mn) from 2015 to 2024. Market numbers given in the report describe the demand for global oil and gas pipeline leak detection equipment, but not production or supply. The global oil and gas pipeline leak detection equipment report also analyzes several driving and restraining factors and their impact on the market during the forecast period.

The report provides comprehensive analysis of the global oil and gas pipeline leak detection equipment by technology, location, equipment type and regions. It segments the market into technologies such as mass-volume balance, acoustic/ultrasonic, fiber optics, vapor sensing, and others (thermal imaging, real-time transient modeling (RTTM), etc.). It also classifies market into location- onshore and offshore. The report divides the oil and gas pipeline leak detection equipment market based on equipment type such as flowmeters, acoustic sensors, cable sensors, and others (thermal imaging cameras, pressure valves, etc.). The report also segments the oil and gas pipeline leak detection equipment market based on major geographies into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Primary research represents the majority of our research efforts, complemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research also includes a search of technical writing, internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most consistent, effective, and productive approach for procuring precise market data, recognizing business opportunities, and understanding industry participants’ perceptions.

Based on the technology, location, equipment type and country, the report analyzes the attractiveness of each segment and country with the help of an attractiveness tool. The study consist of value chain analysis, which offers a better understanding of key companies in the supply chain. Additionally, the study examines market competition through Porter’s Five Forces Analysis.